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Gold Mini Feb/ LBMA Spot Gold

Prices remain volatile inside $1880-1820 levels initially. Breaking any of the sides would suggest fresh direction to the commodity in the near future. Anyhow, a direct drop below $1760 is a signal of reversal of the current positive outlook. MCX GoldM Feb Res: 48650 Support: 46620

Silver Mini Feb/ LBMA Spot Silver

Corrective selling is likely while prices stay below $28. Anyhow major downside turnaround point is seen at $24. Prices required to break $30 convincingly to continue bullish momentum in the counter. MCX Silver Feb: Res at Rs 70200. Sup: 64400.

Copper Feb

As long as 598 remain caps the upside, expect weak sentiments in the counter. Major upside reversal is seen only a close above 608.

Nickel Feb

Weak bias may continue as long as 1308 cap further upside moves. A close above 1320 is a bullish signal.

Lead Feb

Recovery upticks are likely as long as 159 hold the downside. Strong resistance is seen at 165.

Zinc Feb

If the support of 200 remain undisturbed, recovery uptick may continue the day. An unexpected drop below 198 is a bearish signal.

Aluminium Feb

Recovery upticks are likely as long as 160 hold the downside. Major upside obstacle is seen at 165.

MCX Crude Oil Feb/NYMEX Crude Mar

Bullish outlook remain intact and prices may look towards $56 or more as it consistently trades above $52. Anyhow, a direct break below $49 could negate the broad bullish outlook and take prices lower. MCX Feb: Res at Rs 4080 / Support: Rs 3918.

Natural Gas Feb

There are chances of corrective selling if prices remain capped at 212. Major downside obstacle is seen at 202.

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